LyondellBasell Industries (LYB) Declares $1.00 Quarterly Dividend; 3.5% Yield
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iStar (STAR) Set to Join S&P SmallCap 600
August 21, 2018 5:20 PM EDTiStar Inc (NYSE: STAR) will replace A. Schulman Inc (NASDAQ: SHLM) in the S&P SmallCap 600 effective prior to the open of trading on Monday, August 27. S&P 500 constituent LyondellBasell Industries NV (NYSE: LYB) is acquiring Schulman in a deal expected to be completed today.
... MoreLyondellBasell Industries (LYB) Completes A. Schulman (SHLM) Acquisition
August 21, 2018 8:41 AM EDTLyondellBasell (NYSE: LYB) announced it has completed the acquisition of A. Schulman, Inc., a leading global supplier of high-performance plastic compounds, composites and powders.
"This acquisition builds upon our complementary strengths, creating a substantial value proposition for our customers and positioning the company for future growth in this space," said Bob Patel, CEO of LyondellBasell. "Moving forward, our team is focused on a seamless integration that captures opportunity and creates exceptional value for our shareholders."
The acquisition more than doubles LyondellBasell's existing compounding business and broadens the company's reach into growing, high-margin end markets... More
